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Stockholders’ Equity (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Equity [Abstract]    
Schedule of Reserved Shares of Common Stock for Future Issuance

The Company had reserved common shares for future issuance as follows as of September 30, 2024:

 

      
Stock options outstanding   3,325 
Restricted stock units outstanding   5,692 
Warrants outstanding   3,222,446 
Common stock available for future equity awards or issuance of options   456,707 
Number of common shares reserved   3,688,170 

The Company had reserved common shares for future issuance as follows as of December 31, 2023:

  

      
Stock options outstanding (1)   52,393 
Restricted stock units outstanding (1)   9,612 
Warrants outstanding (1)   1,148,269 
Common stock available for future equity awards or issuance of options (1)   523,716 
Number of common shares reserved   1,733,990 

 

  (1) Prior period results have been adjusted to reflect the Reverse Stock Split of the Common Stock at a ratio of 1-for-25 that became effective October 13, 2023. See Note 2, “Accounting Policies,” for details.
Schedule of Basic and Diluted Per Share Computations for Continuing Operations

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for operations for the three and nine months ended September 30:

 

   2024   2023   2024   2023 
(Dollars in thousands, except shares) 

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
   2024   2023   2024   2023 
                 
Numerator:                    
Net loss  $(8,093)  $(6,016)  $(19,782)  $(22,705)
(Less) Net income (loss) attributable to non-controlling interest   (903)   646    3,535    (206)
Net loss attributable to Soluna Holdings, Inc.   (7,190)   (6,662)   (23,317)   (22,499)
Less: Preferred dividends or deemed dividends   -    (38)   (452)   (421)
Less: Cumulative Preferred Dividends in arrears   (2,786)   (1,722)   (7,117)   (5,166)
Balance  $(9,976)  $(8,422)  $(30,886)  $(28,086)
Denominator:                    
Basic and Diluted EPS:                    
Common shares outstanding, beginning of period, including penny warrants   6,878,723    1,189,907    2,592,454    1,061,497 
Weighted average common shares issued during the period including penny warrants issued and outstanding as of quarter-end   859,941    222,733    2,555,148    101,192 
Denominator for basic earnings per common shares —   7,738,664    1,412,640    5,147,602    1,162,689 
Weighted average common shares   (1.29)   (5.96)   (6.00)   (24.16)

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for continuing operations for the years ended December 31:

 

(Dollars in thousands, except shares)  2023   2022 
         
Numerator:          
Net loss from continuing operations  $(27,703)  $(107,016)
(Less) Net income (loss) attributable to non-controlling interest   

1,498

    (380)
Net income from discontinued operations   -    7,921 
Net loss attributable to Soluna Holdings, Inc.  $(29,201)  $(98,715)
Less: Preferred Dividend   (421)   (4,088)
Less: Cumulative Preferred Dividends in arrears   (6,888)   (1,722)
Balance  $(36,510)  $(104,525)
Denominator:          
Basic and Diluted EPS:          
Common shares outstanding, beginning of period   747,837    550,168 
Weighted average common shares issued during the period including penny warrants issued and outstanding as of year-end   565,881    49,133 
Denominator for basic earnings per common shares —          
Weighted average common shares   1,313,718    599,301